NGE Capital Ltd (AU:NGE)
ASX:NGE
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NGE Capital Ltd
(Sydney:NGE)
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Rating:68Neutral
Price Target:
AU$1.50
▲(20.00% Upside)
Action:Reiterated
Date:02/27/26
The score is primarily supported by a very strong, low-leverage balance sheet and an attractive low P/E valuation. Offsetting this, financial results have been inconsistent (sharp 2025 revenue decline and volatile cash flows), and technical signals are neutral with slightly negative momentum.
Positive Factors
Balance sheet strength
Very low leverage and effectively zero debt provide durable financial flexibility. With equity and assets grown over time and ROE strong in 2025 (~20%), the company can withstand downturns, fund opportunistic investments or returns to shareholders without relying on external financing.
Negative Factors
Revenue volatility and decline
A sharp ~67% revenue drop in 2025 and historically volatile top-line reduce predictability of earnings and cash flow. Sustained revenue instability undermines planning, makes sustaining margins harder, and raises execution risk for strategic initiatives over coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Very low leverage and effectively zero debt provide durable financial flexibility. With equity and assets grown over time and ROE strong in 2025 (~20%), the company can withstand downturns, fund opportunistic investments or returns to shareholders without relying on external financing.
Read all positive factors
NGE Capital Ltd (NGE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
N/A
Dividend YieldN/A
Average Volume (3M)10.11K
Price to Earnings (P/E)1.5
Beta (1Y)0.41
Revenue Growth-71.68%
EPS Growth157.43%
CountryAU
Employees9
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.35
Shares Outstanding33,631,210
10 Day Avg. Volume4,056
30 Day Avg. Volume10,107
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.73
Price to Sales (P/S)46.67
P/FCF Ratio16.21
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
NGE Capital Ltd Business Overview & Revenue Model
Company Description
NGE Capital Ltd (NGE) is an Australia-based investment company that primarily focuses on generating long-term capital growth and income for its shareholders. The company invests in a diversified portfolio of listed and unlisted securities, includi...
How the Company Makes Money
null...
NGE Capital Ltd Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
86
Very Positive
Cash Flow
55
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 933.00K | 3.13M | 4.18M | 741.00K | 693.00K |
| Gross Profit | 876.00K | 3.13M | 4.18M | 699.00K | 637.00K |
| EBITDA | 11.07M | 2.15M | 2.57M | -1.84M | 6.95M |
| Net Income | 12.02M | 4.84M | 8.89M | -1.91M | 7.34M |
Balance Sheet | |||||
| Total Assets | 61.30M | 49.67M | 45.45M | 35.96M | 38.46M |
| Cash, Cash Equivalents and Short-Term Investments | 7.35M | 46.29M | 34.06M | 12.18M | 13.44M |
| Total Debt | 0.00 | 0.00 | 0.00 | 25.00K | 67.00K |
| Total Liabilities | 1.46M | 678.00K | 890.00K | 166.00K | 694.00K |
| Stockholders Equity | 59.84M | 48.99M | 44.56M | 35.79M | 37.76M |
Cash Flow | |||||
| Free Cash Flow | 2.69M | 2.04M | -7.96M | -1.87M | 3.60M |
| Operating Cash Flow | 2.69M | 2.04M | -7.96M | -1.87M | 3.60M |
| Investing Cash Flow | -4.00K | 0.00 | 0.00 | -2.00K | -3.00K |
| Financing Cash Flow | -1.16M | -417.00K | -155.00K | -97.00K | -722.00K |
NGE Capital Ltd Technical Analysis
Negative
1.25
Price Trends
1.31
Negative
1.33
Negative
1.29
Negative
Market Momentum
-0.01
Negative
45.34
Neutral
29.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NGE, the sentiment is Negative. The current price of 1.25 is below the 20-day moving average (MA) of 1.27, below the 50-day MA of 1.31, and below the 200-day MA of 1.29, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 45.34 is Neutral, neither overbought nor oversold. The STOCH value of 29.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:NGE.
NGE Capital Ltd Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$54.22M | 2.97 | 35.99% | 6.39% | 0.11% | 21.50% | |
68 Neutral | ― | 1.46 | 21.40% | ― | -71.68% | 157.43% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | AU$47.51M | -2.06 | 3.43% | 6.89% | -26.20% | -112.45% | |
54 Neutral | AU$26.98M | 38.35 | 1.46% | 2.94% | 68.66% | 278.13% | |
53 Neutral | AU$9.72M | -1.31 | 91.73% | ― | ― | ― | |
46 Neutral | AU$25.69M | -9.22 | -27.93% | 4.88% | ― | -55.51% |
* Financial Sector Average
AU:NGE
NGE Capital Ltd
1.26
0.20
18.31%
AU:BWF
Blackwall Limited
0.15
-0.10
-40.57%
AU:LCE
London City Equities Ltd
0.85
0.01
1.19%
AU:MAM
Microequities Asset Management Group Ltd.
0.40
-0.08
-17.01%
AU:SB2
Salter Brothers Emerging Companies Ltd.
0.57
-0.12
-17.63%
AU:KBC
Keybridge Capital Limited
0.05
0.00
0.00%
NGE Capital Ltd Corporate Events
NGE Capital Lifts NTA, Leans on Tax Assets and Buyback to Drive Per-Share Value
May 5, 2026
NGE Capital reported a rise in its net tangible asset per share, with before-tax NTA increasing to $1.599 and after-tax NTA to $1.723 as at 30 April 2026, supported by a concentrated portfolio led by positions in Yellow Cake, K92 Mining and Carnar...
NGE Capital Continues On-Market Buy-Back as Part of Capital Management Strategy
May 5, 2026
NGE Capital Limited has continued its on-market share buy-back program, repurchasing 335,001 shares on the previous trading day for a total consideration of $403,676.21. This forms part of a broader buy-back effort under which the company has so f...
NGE Capital Cancels Shares Following On‑Market Buy‑Back
May 5, 2026
NGE Capital has cancelled 14,999 ordinary fully paid shares following completion of an on‑market buy‑back, effective 30 April 2026. The reduction in issued capital marginally increases the ownership proportion of remaining shareholders...
NGE Capital Expands On-Market Buy-Back as Share Price Climbs
Apr 30, 2026
NGE Capital Limited has continued its on-market share buy-back program, repurchasing 14,999 shares on the most recent trading day, bringing the cumulative total to 3,566,225 shares bought back to date. The company has paid more than $2.79 million ...
NGE Capital’s NTA Slides on Market Turmoil but Energy Bets and Tax Assets Offer Cushion
Apr 13, 2026
NGE Capital reported a decline in its pre-tax net tangible asset per share to $1.535 at 31 March 2026 from $1.687 a month earlier, reflecting a 9.0% negative return for March and a 5.1% fall year-to-date despite strong longer-term performance sinc...
NGE Capital Sets May 7 In-Person AGM and Moves to Digital Meeting Materials
Apr 1, 2026
NGE Capital Limited has scheduled its Annual General Meeting for 7 May 2026 at 3:30 p.m. in Melbourne, to be held in person at the offices of Grant Thornton Australia at Collins Square. The company will provide meeting materials electronically via...
NGE Capital Sets Director Nomination Deadline Ahead of 2026 AGM
Mar 17, 2026
NGE Capital Limited has announced its intention to hold its next Annual General Meeting on or after 7 May 2026, in line with ASX listing requirements. A key agenda item at this meeting will be the re-election of directors, reflecting the company&#...
NGE Capital Retains Key Buy-Back Terms as It Switches Broker
Feb 26, 2026
NGE Capital Limited has confirmed there are no changes to its existing on-market share buy-back program, which allows the company to repurchase up to 10% of its issued ordinary shares, or 3,430,322 shares, over a 12-month period to 29 August 2026....
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.